Florida Broker Practice Exam

What is an example of a private restriction on ownership indicated by the acronym DELL?

1. Deed restrictions

2. Development plans

3. Training requirements

4. Construction costs

The correct answer is: Deed restrictions

A deed restriction serves as an example of a private restriction on ownership, as indicated by the acronym DELL. A deed restriction is a clause in a deed that limits what the owner can do with the property. These restrictions are typically put in place by previous property owners or development companies to maintain a certain standard within a neighborhood or development, such as architectural styles, landscaping, or types of permitted activities. This ensures that the property's aesthetic and value are preserved over time. In the context of property ownership, private restrictions like deed restrictions can significantly influence how a property is used and its overall value, as it obliges current and future owners to adhere to specific guidelines. They are enforceable in a court of law and are often recorded with the property’s deed. The other choices do not fit the definition of private ownership restrictions in the same way. Development plans could outline permitted uses for an area but are not necessarily enforced through a deed. Training requirements and construction costs are related to broader practices or regulatory concerns rather than specific private restrictions tied to ownership.